09/19/13 - Laserfiche WebLink

Home

hold the City accountable, a desire for more transparency, to provide a high level of support and amenities to residents, and to ensure that all decisions made by the City Council are fully funded. Finance Director Lund advised the strategic plan includes the SWOT analysis, guiding principles, and core values and recited the working mission statement and vision statement. She discussed the action plan that includes four strategic imperatives including financial stability, a connected community, smart, citizen - focused government, and an effective organization and indicated all items listed in the plan have been incorporated into the budget with the intent to create a balanced scorecard for measuring performance from a fiduciary perspective, internal perspective, customer /stakeholder perspective, and learning/growth perspective. She added that success factors were also developed as part of the overall strategic plan. Member Riley stated he felt the process was necessary for the City and that the process should be repeated every five to ten years. He stated that the success factors are important for moving forward and the City Council repeatedly stressed that everything the City Council wants to do must have a funding source. He stated the trust issue was one of the basic tenets of the entire process and there was significant discussion about rules of behavior and conduct, being more responsive to residents, and making sure the City Council is working together. 4.02: 2014 Proposed EDA Budget and Levy Finance Director Lund presented the 2014 preliminary EDA budget and levy and explained the proposed 2014 EDA levy is $136,739, noting that the EDA is included within the overall General Fund levy limits She indicated the maximum EDA levy allowed is $327,574 and the 2014 preliminary EDA budget reflects a change in the EDA staff funding percentage with 34% EDA, 20% TIF, and HRA 46% to provide a more equal split compared to 2013 percentages of 20% EDA, 20% TIF, and the rest to HRA. She advised the preliminary EDA budget stays constant within line items and the only thing changed was the Economic Development Manager position. She pointed out the EDA has its own fund and any monies not spent are carried over year to year, adding the EDA fund balance at the end of 2012 was approximately $738,000. Chairperson Steffen questioned whether the EDA should consider not increasing its levy because it did not spend all the money in its fund balance. Finance Director Lund indicated this decision was entirely up to the EDA. Chairperson Steffen asked if all levies would be spent assuming the Economic Development Manager is hired in 2014. Finance Director Lund replied in the affirmative. Motion by Member Skaff, seconded by Member Williams, to approve the 2014 preliminary EDA budget and levy as presented. Motion carried. Voting Yes: Chairperson Steffen, Members Skaff, Williams, Brunt, Hardin, and Riley. Voting No: None. Absent: Member LeTourneau. Finance Director Lund reminded the EDA that the 2014 budget is preliminary and the EDA can make changes before final adoption on December 10, 2013. Economic Development Authority /August 8, 2013 Page 2 of 5